“Is it advisable to open an account in a small bank in Switzerland, rather than one with branches in other countries of the EU due to the 30% with-holding tax?”

“Is it advisable to open an account in a small bank in Switzerland, rather than one with branches in other countries of the EU due to the 30% with-holding tax?”

We receive quite a few messages from our readers – questions, comments and feedback about our service. A few days ago, I received the following message: “I’m brand new at this [internationalization] and not quite sure where to start. There is so much to do and it is all overwhelming. Any suggestions?”

We receive quite a few messages from our readers – questions, comments and feedback about our service. A few days ago, I received the following message: “I’m brand new at this [internationalization] and not quite sure where to start. There is so much to do and it is all overwhelming. Any suggestions?”

“We have a Canadian bank account at Royal Bank. What we are interested in opening is a brokerage account in Europe or Canada and the institutions we have contacted tell us that they cannot do so for ‘US persons.’”

“We have a Canadian bank account at Royal Bank. What we are interested in opening is a brokerage account in Europe or Canada and the institutions we have contacted tell us that they cannot do so for ‘US persons.’”

“With all things being equal; does simply having a Swiss bank account create a greater chance of IRS audit…”

At its core, International Man is designed to be a community of like-minded people who come together and converse on all topics related to the internationalization process. One member is Steve Abramowicz, a Seattle-based wealth advisor to high net worth individuals across the United States. He has also internationalized himself and his family to a great degree.

If everything you own is held in your own name in your own country, then you are not merely exposed, you are vulnerable absolutely, to whatever decisions the government might make about how you should behave and who gets the wealth you’ve earned.